The startup also plans to use the money to develop products for processing wastewater and delivering purified water for industrial operations such as oil and gas or beverage production, Green said.

FORBES: NanoH2O Lines up $60.5M For Water Purification Tech

Founded in 2001 by two graduate students from the Colorado School of Mines, Oberon aims to address the fish-feed problem by serving farmed fish the bacteria used to eat up the excess food in wastewater streams of food-processing plants.

FORBES: Magazine Article